FT News Briefing Does the Olympic business model still work?
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Mar 20, 2025 The Federal Reserve remains cautious as it adjusts growth forecasts amid economic challenges. Exciting developments are on the horizon for tech startups eyeing public listings, despite a shaky IPO market. In Turkey, political tensions rise as authorities detain a key challenger to Erdoğan. Meanwhile, the International Olympic Committee faces scrutiny over its outdated business model, prompting calls for strategic reforms to adapt to shifting media landscapes and ensure its future viability.
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Federal Reserve Holds Rates
- The Federal Reserve maintained current interest rates due to elevated uncertainty.
- They also lowered economic growth forecasts and noted stalled progress on lowering inflation.
Tech IPOs Create Optimism
- Despite market instability, several tech startups plan to go public next month.
- This generates cautious optimism for reviving the IPO market from its recent slump.
Upcoming Tech IPOs
- CoreWeave and Klarna are two companies expected to IPO in the coming weeks.
- The tech IPO market has been unstable since the 2021 boom, due to inflation and global events.